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I have a hard time comprehending this article. The three people in charge of Saudia Arabia, Russia and US produce more oil than OPEC the author says. But then S
by winningcontinue 8y ago
I have a hard time comprehending this article. The three people in charge of Saudia Arabia, Russia and US produce more oil than OPEC the author says. But then SA is in OPEC, and the three don't produce a significant amount more than OPEC combined. What is the entire gist of writing this article other than there's an unproven conspiracy.
- pulse7 8y agoI think the author is saying: "OPEC can no longer set high oil prices, because US, Russia and SA produce more oil than OPEC combined." But on the other hand the year 2008 has shown that it is not the US president who is setting the oil price, but the oil company executives [1]. [1] https://money.cnn.com/2008/05/21/news/economy/oil_hearing/index.htm?cnn=yes https://money.cnn.com/2008/05/21/news/economy/oil_hearing/in...